Centre releases 4th tranche of Post Devolution Revenue Deficit Grant amounting Rs 6,195.08 crore to 14 states
Guwahati: The government of India has released the fourth tranche of the Post Devolution Revenue Deficit Grant equated monthly instalment, amounting Rs 6,195.08 crore, to 14 states, including Assam.
The finance ministry had earlier released the third and second tranches of the grant to these 14 states on June 10 and May 11 respectively.
“This would provide them additional resources during the corona crisis,” the Union finance ministry said.
The grant was recommended by the 15th Finance Commission and equal instalments of the grant have been issued by the Centre to the states since April.
The Centre released advance payments of over Rs 631 crore to Assam. Some other states to have received the grant were Kerala (Rs 1,276 crore), Himachal Pradesh (Rs 952 crore), Punjab (Rs 638 crore), Andhra Pradesh (Rs 491 crore), Uttarakhand (Rs 423 crore) and West Bengal (Rs 417 crore).
Sources in the Union finance ministry believe that the grant will help the state governments to take preventive and mitigation measures for containment of the COVID-19, including setting up quarantine facilities, sample collection and screening centres, and setting up additional testing laboratories.
Cash-strapped states can also use the funds to cover the cost of consumables, and purchase of personal protection equipment (PPE) for healthcare, municipal, police and fire authorities, besides purchase of thermal scanners, ventilators, air purifiers, and consumables for government hospitals.